Jumped by Rs. 200. This news should send the stock upwards by at least this much over the next few days.

Buy fast, and hold for a week or two. Sell on first signs of decline, as PE valuations are still stretched. This means

This stock is a medium term play..

The stock was at Rs. 760 yesterday, and is trading now at Rs. 770+. Get it fast.

ICICI symbol: PUNLLO

Punj Lloyd bags Rs.13.48 bn pipeline order in Libya

Indo-Asian News Service

Mumbai, August 21, 2006

India's engineering and construction major Punj Lloyd on Monday secured from Libya's Sirte Oil Company an order worth Rs.13.48 billion, the largest ever contract bid by the company, for laying two pipelines in the African country.

The first contract, valued at $149 million, involves the construction of a 98.4-km pipeline from Libyan capital of Tripoli to Melita and a branch pipeline to the Zawia power plant, a company statement said.

The second contract, valued at $141, involves extensive civil, mechanical, electrical and instrumental works on gas pressure reduction, metering and supply and compressor stations at Sidra and Wachkah, apart from completion of the 157-km El Khoms-Tripoli pipeline.

The company had last week won a Rs.8.23 billion contract to build a 500 megawatt thermal plant for the Rajasthan Vidyut Utapadan Nigam Ltd near Jaipur.

"With this win, the order backlog of the Punj Lloyd group, which includes Sembawang Engineers and Construction, Singapore, is Rs.119.09 billion making the group second largest engineering and construction major in the country in terms of the order book," the statement said.

"Sixty-one percent of the Punj Lloyd's order backlog is now represented by projects outside India," it added.